No thanks.
No that's not true - it was never even remotely as extensive as their DVD catalogue, which was almost literally every commercially available DVD. I wouldn't be surprised if the majority of films have never been available on any streaming service. Streaming rights entirely different to them buying some DVDs.
Maybe they've never had newer releases, but for seeing nearly everything from 4-10 years ago at one point was very much possible.
This just isn't a truthful statement.
Netflix's DVD catalogue was like 100,000 titles. They've never had 100,000 titles on their streaming site. There aren't 100,000 streaming titles anywhere today across all streaming services!
"At its peak, in fact, the number of DVD titles possessed by Netflix would have dwarfed the entire streaming libraries of all the major streamers today … combined."
https://www.pastemagazine.com/movies/netflix/netflix-dvd-ser...
The reason is that the rights are different.
https://www.quora.com/Why-does-Netflix-still-have-much-of-it...
That article I linked gives actual data. Do you think it’s wrong?